Margie Dorrance

Keller Williams Realty Houston Metropolitan

550 Post Oak Blvd. #350
Houston, TX 77027


Cell: (713) 557-5838   
Phone: (713) 621-8001 (2239)
Fax: (713) 621-8048

Housing Trends

May 2013

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National market update

April Existing-Home Sales Up but Constrained

WASHINGTON (May 22, 2013) – Existing-home sales rose in April but remain below underlying demand because of limited inventory and tight credit, according to the National Association of Realtors®. All regions are showing strong price gains from a year ago. More... Read more

Mortgage Rates Trending Upward

May 23, 2013 - Mortgage rates climbed for the third consecutive week, according to the latest survey by mortgage buyer Freddie Mac. The average for a 30-year fixed-rate mortgage now hovers a quarter percentage point higher than it did at the beginning of the month. The average rate on a 30-year fixed-rate loan climbed to 3.59% this week. More...
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National housing indicators

Existing home sales ()

4.97 million units*

Existing home median price ()

$192,800

Housing Starts ()

853,000 units*

New home sales ()

454,000 units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

1st Qtr 13

65.0%

1st Qtr 12

65.4%

The homeownership rate in the first quarter 2013 (65.0 percent) was lower than the first quarter 2012 rate (65.4 percent). The homeownership rate in the South was lower than the corresponding first quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

April 13

+2.3%

March 13

+3.5%

Sales of new single-family houses in April 2013 were at a seasonally adjusted annual rate of 454,000. This is 2.3 percent (+/- 12.8%)* above the revised March 2013 estimate of 444,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Margie Dorrance

“Both buyers & sellers are reaping the benefits of extremely healthy & robust real estate climate in Houston, driven largely by continued job gains that have been responsible for drawing many new consumers to this market.” Ask me about the lowest interest rates in history how some sellers are receiving the full asking price for their homes.

Houston Real Estate Milestones in May 2012. Volume of single-family home sales jumped 23.8 percent, marking the greatest monthly increase since August 2011 and accounting for the market’s 12th consecutive monthly increase. At $237,083, the single-family home average price reached an historic high for Houston. Call to discuss value of your home.

Houston home shoppers went on a buying spree in May, sending sales volume and pricing through the roof and accounting for the 12th consecutive month of positive sales. Average and median prices broke records while volume of sales reached the highest level since June 2008. Local housing inventory is now at its lowest level in more than five years. Read more

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Consumer tips & hot properties

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Storm Shelters in High Demand After Tornados

Daily Real Estate News- May 23, 2013 - "More home owners are considering adding storm shelters following a deadly tornado on Monday that tore through parts of Oklahoma City, flattening hundreds of homes and killing at least 24 people." More...
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10 Things to Consider Before Making an Offer on a Home

Putting in an offer on your first home can be a heart pounding experience. It is a good idea to take a moment before you take that important step and make sure you are ready by asking yourself these questions and discussing with your Realtor. More...
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Landscaping Can Impact Home Values

"If a landscaping change is positive, it can often enhance price and reduce a home’s time on the market... But if the change is negative, it can lower the price and lengthen the time a home remains for sale.” More...
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Moving Tips To Help Your Child Through The Big Move

Moving is a complicated process but it can be especially difficult on children. By the time we reach adulthood, most of us have lived in a variety of different places. However, for your children, the house and neighborhood you are now moving away from might be the only home they have ever known. More... Read more

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Deck and Patio Lighting Ideas that Add Livability

Cool deck and patio lighting helps you get more use — and enjoyment — from your outdoor living spaces. Here are some examples to ready your summer time enjoyment. More... Read more

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.